Camkids Share Discussion Threads

[sweet karolina] 14/8/2015 13:02

Loveprat

"Perhaps if you had offered your advice at 80p, people would not object to your contributions so much?"

55.5p not good enough ie 12 times current price?

On 12 Sep 14



Secondly have a butchers at Camkids (CAMK) at 55.5p. It is like Naibu a retailer, designer and distributor of gym shoes (for kids) and is based in Fuijan as well. Boy those folks in Fuijan are big fans of the AIM casino are they not? This time it is Allenby that brought this great enterprise to AIM but the PR spinner is Henry doublebarreled-poshboy at Allenby. Camkids also defied the sectoral slump, directors take dividends in scrip even though there is stacks of cash, etc., etc

People should spend a lot less effort slagging off TW when he warns about a company and they should put that effort into doing their own research properly and making sensible investing decisions.

So Loveprat at what price did you decide to let people know that this was a complete dog that would gobble all their money?

[topvest] 13/8/2015 10:03

Loverat; I had 6 Chinese companies out of a 300+ stock portfolio so not a particularly big deal albeit any loss is 3 times more painful than a gain!

1 was very good (Prosperity Minerals), 1 was profitable (Fortune Oil) and 4 were rubbish (Naibu, Camkids, Asian Citrus and London Asia Capital) so overall I made a circa 30% loss. My experiment is now over. It is fair to say that none of the 6 companies delivered a fair deal for shareholders, due to the power of the majority shareholder and generally somewhat "self served" boards.

I'm not proud of investing in Naibu and Camkids shortly after listing, but I've learnt a couple of lessons, as no doubt others have as well. I will not be investing in any Chinese (or for that matter emerging market companies on AIM going forward and will be researching the reason for a company listing more thoroughly going forward - i.e. who is selling). I've even laminated my returned Naibu share certificate for future reference of companies not to invest in! So.... just LDC left where we should hopefully get 2p per share and then I will stick to what I'm good at which is small quality value straightforward companies, investment trusts and real estate companies.

My tip would be to invest in emerging and frontier markets through established investment trusts as they can research the region far better than a UK investor.

[dudishes] 13/8/2015 06:11

Loverat, although I did buy the odd TiPs mag, never followed TW, but admit, I have followed EK on occasion.

Considering recent bear stance, I think TW has called a few rather well. I have listened to quite a few of his bearcasts, I find him somewhat entertaing having turned his coat. Will admit, that if I did the same research, I could have predicted the same outcome for most of that which he has preached, in fact, I have with QPP and others.

I never invest/or short Chinese outfits. HK33 shorts much better for fast return, as you may have noticed recently.

PS: CJ, cottoned on eventually. Tks for reminding me.

Cheers Dud

[sweet karolina] 12/8/2015 15:42

Ahh loveprat I wondered when you would stick your oar in. Do you thing CAMK should sue TW for harassment or do you think he was bang on yet again,

[loverat] 12/8/2015 13:58

topvest

I think you mentioned in a previous post Chinese stocks and being burnt on this and failing to learn lessons etc. However, just curious why you did not get wary of Chinese type stocks during the LDC period back in 2008?

I have always viewed these companies as suspect although disagree with the one line deramping and making accusations without evidence. I view these companies as good trading stocks rather than investments.

BTW - ignore Stigologist - he is just being aggressive because one of his Chinese long stocks was suspended this morning.

[the stigologist] 12/8/2015 11:42

stop whinging and whining about it

suck it up

mummy isn't going to hold you hand all through your life little boy

[topvest] 12/8/2015 11:27

I don't react to Investors Chronicle tips, but others clearly do. Investors Chronicle peddling a company that pretty much everyone knew by then was a fraud is a tad embarrassing for part of this admired FT publication!

[targatarga] 12/8/2015 11:10

rumour on the street is that the aim regulators are going in hard against companies playing straight with their investors!

[topvest] 12/8/2015 11:07

And to think that the person who runs the value/bargain column of Investors Chronicle was tipping this just a few months back after already having lost a bundle on Naibu discredits his advice going forward. He should really have known better.

[the stigologist] 12/8/2015 09:12

sponsor lobotomies for investors in Chinese AIM cesspit stocks ?


Joe Say
12 Aug'15 - 08:45 - 105 of 106 0 0

Any chance that the AIM regulators will do anything ?

[targatarga] 12/8/2015 08:49

hilarious!

[joe say] 12/8/2015 08:45

Any chance that the AIM regulators will do anything ?

[targatarga] 12/8/2015 07:21

Sweet Karolina - nicely put!

[sweet karolina] 12/8/2015 04:50

A post I put on AFREN board but just as applicable here:

Learn the lessons from AFREN!

As soon as it becomes clear that directors are stealing from the company or are deliberately misleading investors don't call FCA / Regulators / lawyers / the shareholder action group / the police, call your broker and say SELL NOW.

There is no reverse Newtonian law that says what goes down must go up.

Averaging down to try to get money back is a complete mug's game.

People who say you only really lose when you sell do not know what they are talking about.

Do not worry that the share price might bounce after you sell, it may well do, but the chances of you calling it right and not just losing more money are slim.

Never hang on to vote at an AGM / EGM, it makes no difference. Always vote with your feet and sell. If you still want to cause grief as a shareholder then just keep a tiny amount so you can remain a shareholder and still give them grief.

[worlds lrgest undies] 11/8/2015 19:57

Another Allenby backed winner.....

[topvest] 11/8/2015 19:32

I agree. The investigations focus on the high profile cases like Quindell. All a bit ridiculous as shareholders are UP at Quindell long-term, which is definitely not the case at Naibu and Camkids which were very blatant frauds in my view. Quindell looks like a well run company with an honest CEO in comparison.

Interesting article by Paul Scott today on this at Stockopedia...spot on as ever!

[the stigologist] 11/8/2015 13:25

the harder i work the luckier i get

:-p

"Stig deserves no credits for trashing this share, he does the same to countless others"

[yellow rose] 11/8/2015 13:22

Stig deserves no credits for trashing this share, he does the same to countless others, he is bound to get lucky every now and then.

Stig and his many aliases is just a low life paid ramper/deramper.

[caradog] 11/8/2015 11:52

Stig, I'll forgive you a bit of a gloat. I have to admit I was a Camkids shareholder for two brief periods, on the back of a Simon Thompson tip. It was only when I looked beyond the numbers at who was running the company, and how, that I sold up. There were some clear warning signs - the unconvincing Internet strategy, and the fact that Camkids has virtually no directly owned sales outlets. It has, however, obligations to subsidise and refurbish distributor-owned outlets and to train staff. Average receivables 149 days, if I remember rightly. Distributors could therefore expand with little risk, especially as we now know that Camkids were seemingly obliged to buy back stock on termination of the agreement. The result is that when consumer spending dropped, Camkids is caught between the manufacturers and distributors, having to buy back stock that it had no means of shifting at other than knock-down prices, damaging the brand. Expanding into a consumer spending drop whilst losing market share to multinationals can only end one way. The much-vaunted cash mountain disappears.